What does xero accounting software look like

* Black Friday Gift Voucher Promotion Terms:

These Terms apply to Xero’s $75 voucher promotion in the United States (Promotion). If you participate in this Promotion by claiming a reward, you agree to be bound by these Terms. Promotion ends November 30 at 11.59pm Pacific Time. Xero reserves the right to change or cancel this Promotion at any time at its sole discretion. This Promotion and use of the Xero services are subject to Xero’s terms of use.

Xero terms of use

Eligibility. To be eligible for this Promotion, you must (a) use the ‘buy-now’ function to purchase a new United States-based business edition subscription (this offer is not available for customers who use a free trial); (b) make two payments of your monthly Xero subscription fee; (Eligible Customer). This Promotion cannot be used in conjunction with third-party or other Xero offers. Limited to one voucher per Eligible Customer.

Voucher redemption. Within five days of paying your second month fee for your Xero subscription (35 days after your initial payment), you will receive an email from Xero with an access link to redeem your voucher. We’ve partnered with Nreach Online Services Pvt Ltd (Xoxoday) to provide this Promotion. To redeem your voucher, you must register on the Xoxoday Platform, accept Xoxoday’s Terms of Service and enter into any agreement(s) as required by Xoxoday. You can find Xoxoday’s privacy policy here: https://www.xoxoday.com/privacy-policy. Xero is not an agent or representative of Xoxoday, and is not party to the Terms of Service you are entering into with Xoxoday. Xoxoday is responsible for the operation of the Xoxoday Platform, and is responsible for fulfilling your voucher. You can contact Xoxoday for any operational questions.

Xoxoday’s privacy policy

Closing date. You must redeem your voucher within six (6) months from the date of receiving the promotional link via email. After six months, the promotional link will expire and will not be replaced.

As an Eligible Customer, you will be able to select a $75 voucher from Amazon.com.

The voucher will be subject to the terms and conditions of the retailer or voucher issuer, and will have its own expiry date. If a reward is unavailable due to circumstances beyond Xero’s control, it will be replaced with a reward of equal value. Rewards are non-transferable and not redeemable for cash.

Limitation of liability. Other than liability that can’t be excluded or limited by law, Xero disclaims all liability in connection with this Promotion and is in no way responsible for the performance of Xoxoday. You waive any claim you might have against Xero in regards to the Promotion.

Xero is a cloud-based accounting software product that lets small-business owners manage their finances from anywhere and integrate with more than 1,000 apps. It’s less expensive than competitors like QuickBooks Online and doesn’t charge extra for additional users, making it an affordable option for growing businesses.

Xero Accounting

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NerdWallet rating 

NerdWallet’s ratings are determined by our editorial team. The scoring formulas take into account multiple data points for each financial product and service.

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on Xero’s website



  • All plans support unlimited users.

  • All plans include basic inventory management.

  • Automated bill and receipt capture through Hubdoc.

  • No live phone support.

  • Limits on bills and invoices with the entry-level plan.

Deciding factors


$12 per month and up.

Maximum number of users


Ease of sharing with accountants

Good. You can add your accountant through email and assign them advisor permission. Xero has more than 3 million subscribers globally but is not as widely used as QuickBooks is in the U.S., so it may take more time to find an accountant who is familiar with it.


Good. Xero has three plan tiers for sole proprietors and very small businesses, growing businesses and established businesses.

Ease of use

Excellent. Xero has an intuitive flow and offers a set of recommended online courses to help get you started. Online bank feeds and suggested transaction matching make reconciling easy.

How does Xero work?

After you start a free 30-day trial of Xero, you’ll activate the account and provide details about your business. Then, you can connect your bank accounts to Xero and decide if you’ll accept electronic payments via online invoices.

When reconciling books, Xero suggests likely matches between bank statement lines and transactions entered in the software. For example, if you have an entry for an invoice of $1,000 and a recent $1,000 deposit in your bank account, it might suggest matching these two transactions. Click the “OK” icon between the two to verify the match is correct.

You can also scroll through Xero’s default chart of accounts and customize it as needed, or import an already existing chart of accounts. If you have a list of customers and suppliers, you can import that, too.


Promotional discounts may apply. Xero lets new customers sign up for a 30-day free trial to test out its features. You can add Gusto payroll to any plan for an extra $40 per month, plus $6 per month per person.





$12 per month.

  • Send quotes and up to 20 invoices.

  • Enter up to five bills.

  • Automated bill and receipt capture with Hubdoc.

  • Reconcile bank transactions and set up online bank feeds.

  • Basic inventory management.

  • Reporting.

  • Send purchase orders.


$34 per month.

All features in the Early plan, plus:

  • Unlimited invoices, quotes and bill entries.

  • Ability to bulk reconcile transactions.


$65 per month.

All features in the Growing plan, plus:

  • Works with multiple currencies.

  • Project tracking tools for recording time and breaking down job costs.

  • Claim expenses.

  • Advanced analytics tools for predicting future cash flow, up to 90 days ahead.


Unlimited users

With Xero, you can add an unlimited number of users to your account at each subscription level. This is a notable feature for accounting software; often, lower-tier plans allow fewer users while only higher-tier plans allow unlimited users.

You can also set permission levels for each user. For example, you can give all employees the ability to send quotes and invoices, allow some to pay bills and limit who can see the company’s complete financial picture. To keep things organized, Xero logs every action users make and compiles the history of every transaction.

Customizable reports and dashboards

Xero helps transform the data you enter into actionable information at every subscription level. A dashboard provides a summary of your business’s financial health, including total cash in and out, outstanding invoices and overdue bills. Another page dedicated to short-term cash flow charts out how future bills and invoices can affect your bank balance over the next week.

Reports also are customizable, with adjustable formatting and the option to add your own formulas and groupings. For instance, you can drag and drop certain expense categories into a single subgroup — an “office expenses” subgroup could include office equipment, supplies and utilities. And if you don’t like how the dashboard looks, you can reorganize panels and hide the ones that aren’t useful.

Inventory management in all plans

Unlike QuickBooks Online, which includes inventory management in its $80-per-month Plus plan and up only, Xero offers basic inventory tracking in all plans. Businesses that need to keep count of items can do it within Xero, instead of integrating with (and paying for) a third-party inventory tracking app.

Xero Accounting

Start a 30 day free trial!


NerdWallet rating 

NerdWallet’s ratings are determined by our editorial team. The scoring formulas take into account multiple data points for each financial product and service.

Shop Now

on Xero’s website


No phone support

Xero doesn’t provide a phone number on its customer support page. This is a serious drawback if you want to be able to pick up the phone and talk through an issue or are new to accounting software and have lots of questions.

Instead, the company provides 24/7 online support and will call customers if it’s necessary.

Limits on bills and invoices in the entry-level plan

In the Early plan, the least expensive subscription, you can send up to 20 invoices and schedule up to five bill payments only. That can be limiting, even for freelancers and sole proprietors. For unlimited invoicing and bill-paying capacity, you’ll need to upgrade to the Growing plan.

Xero alternatives

Bookkeeping and accounting software



$15 per month and up.

FreshBooks offers unlimited time-tracking in its lowest-tier Lite plan, whereas Xero users would have to opt into the highest-tier Established plan for that feature.

QuickBooksQuickBooks Online

$25 per month and up.

As the industry standard, QuickBooks Online is ideal if you have a growing business with specific accounting needs — as long as you don’t mind taking the time to learn the program’s ins and outs. Like Xero, it can easily scale with your business.

SageSage 50cloud

$47.25 per month (when paid annually) and up.

Sage 50cloud’s Cash Flow Manager tool is a helpful feature for people who want to better understand how future transactions could impact their business. The tool also lets you adjust the time frame to see how your business has changed over time.

Wave Financial

Free (add-ons available).

Wave is a solid choice for small businesses looking for free accounting software.

ZohoZoho Books

Free and up.

Zoho Books’ paid plans all come with free live chat and phone support. The free plan comes with email support only.

Written by Jane